The complaint alleges Wells Fargo's senior management allowed the bank to commit a major fraud on consumers, which "resulted in serious harm to the bank."

"We're asking for a claw back. In other words, that those executives that knew what was gong on have to give back those bonuses because that is really the public's money," Attorney Joe Cotchett said.

Wells Fargo declined to comment on the lawsuit.

The Consumer Financial Protection Bureau said Wells Fargo sales staff opened more than 2 million bank and credit card accounts that may have not been authorized by customers. Money in customers' accounts was transferred to these new accounts without authorization. Debit cards were issued and activated, as well as PINs created, without telling customers.

In some cases, Wells Fargo employees even created fake email addresses to sign up customers for online banking services.

The San Francisco-based bank will pay $100 million to the CFPB, a federal agency created five years ago; $35 million to the Office of the Comptroller of the Currency and $50 million to the City and County of Los Angeles. It will also pay restitution to affected customers.

Wells Fargo said the agreements were made with its customers in mind and out of a desire to show accountability... (To read the entire complaint, please click HERE)